Including Estimates of the Future in Today's Financial Statements

  title={Including Estimates of the Future in Today's Financial Statements},
  author={M. Barth},
  journal={BIS Working Papers Series},
  • M. Barth
  • Published 2006
  • BIS Working Papers Series
  • This paper explains why the question is how, not if, today's financial statements should include estimates of the future. Including such estimates is not new, but their use is increasing. This increase results primarily because standard setters believe asset and liability measures that reflect current economic conditions and up-to-date expectations of the future will result in more useful information for making economic decisions, which is the objective of financial reporting. This is why… CONTINUE READING
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